Home > ADR > Vol. 5 > No. 2 (2002)
Article Title
Queensland emphasises dispute resolution for personal injury claims to resolve premium ‘crisis’
Abstract
Extract:
A hardening insurance market, increased reinsurance costs, the events of 11 September 2001 and overly aggressive price competition by insurers throughout the 1990s have all combined to create a premium ‘crisis’ in the insurance industry.
A decline in competition since HIH/FAI departed from the general liability market provoked a massive rise in premiums by those remaining in the market. The likely departure of UMP from the medical indemnity market will evoke a similar crisis for medical indemnity insurance.
Recommended Citation
Davis, Rob
(2002)
"Queensland emphasises dispute resolution for personal injury claims to resolve premium ‘crisis’,"
ADR Bulletin:
Vol. 5:
No.
2, Article 1.
Available at:
http://epublications.bond.edu.au/adr/vol5/iss2/1